Florida Legislature will hold a special session next week to consider a state takeover of Disney World's Reedy Creek Improvement District

Feb 03, 2023 in "The Walt Disney Company"

Posted: Friday February 3, 2023 2:44pm ET by WDWMAGIC Staff

According to several local Florida news outlets, the Florida Legislature will hold a special session on Monday February 6 2023 to consider a state takeover of Disney World's Reedy Creek Improvement District.

According to the Orlando Sentinel, the Reedy Creek reorganization will be presented in Senate committees by Sen. Travis Hutson, R-Palm Coast.

Florida Governor Ron DeSantis has said that the legislation will result in Reedy Creek board members being appointed by the Florida Governor and Disney paying upwards of $700 million in Reedy Creek debt.

The action by DeSantis comes in retaliation to Disney's public opposition to the parental rights law, which took place under the ex-CEO Bob Chapek.

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flynnibus1 hour ago

Looks to be moved https://www.oversightdistrict.org/wp-content/uploads/2024/04/BOS-Meeting-04-24-24-Agenda-Outline.pdf

wdwmagic2 hours ago

Amazing, there is actually some real business on the agenda for a change.

DCBaker2 hours ago

The agenda outline for the next CFTOD meeting on Wednesday, April 24 is available at this link*: https://www.oversightdistrict.org/wp-content/uploads/2024/04/BOS-Meeting-04-24-24-Agenda-Outline.pdf *Edited to update as the link was changed after posting (thanks @flynnibus!).

flyakite2 days ago

Batman'sParents5 days ago

Was curious about this: Is there an expectation that CFTOD will delegate some responsibilities to the cities as part of the understanding between the state and Disney?

Dcgc287 days ago

All good! I was going to be blown away lol

MR.Dis8 days ago

error, I edited the original post

mkt8 days ago

Here's the motion

mkt8 days ago

what's the new case number? Disregard, found it. 24-10342-H

Dcgc288 days ago

They objected the delay?

MR.Dis9 days ago

Federal Judge officially granted a 60 day delay on the Federal Case. Disney requested so a new developement agreement could be negotiated, the CFTOD did not object.

mmascari14 days ago

Same formality as completing the new agreement. They clearly think everyone will work in good faith and get an acceptable resolution. One where not having representation in the CFTOD board is ok.

flynnibus14 days ago

Sounds like walking away from the Federal case is only a matter of formality at this point... or the roof caving in. Those aren't the words of someone cautiously optimistic for an outcome... those are the words of someone who already knows the game plan and they aren't holdiing a gun to anyone.